1、Big-Box Retail ReportPhiladelphia RegionSpring 20262CBRE RESEARCH 2026 CBRE,INC.Market RecapThe Greater Philadelphia big-box retail market continued to stabilize through the end of 2025 and into 2026,following the spike in supply created by widespread retailer bankruptcies in recent years.Total avai
2、lable inventory declined to approximately 4.9 million square feet(sq.ft.)across 59 spaces,down from a post-pandemic peak of 7.1 million sq.ft.,as tenants steadily absorbed second-generation space.This improvement reflects both the velocity of backfill activity and the continued depth of tenant deman
3、d,particularly among grocery,value-oriented general merchandise retailers,and experiential users.Landlords became more proactive in repositioning space through subdivision and redevelopment strategies in order to fill vacancies created in recent years.New development remained a critical component of
4、 market dynamics,with half a million sq.ft.delivered in 2025 and another 500,000 sq.ft.in the pipeline.As a result,the market has transitioned to a more balanced and increasingly competitive environment.3CBRE RESEARCH 2026 CBRE,INC.Leasing TrendsLeasing activity persisted through late 2025 and into
5、2026,driven primarily by experiential,fitness,grocery,and off-price general merchandise retailers,which continued to shape the big-box landscape.Major openings in the second half of 2025 included a Target in West Chester,ShopRite in Clementon,and a 151,000-sq.-ft.Costco in Mechanicsburg.A wave of en
6、tertainment concepts,including Netflix House,a mix of trampoline and adventure parks,and a rock-climbing gym,also added to the big-box roster.These trends continued into 2026,with roughly 360,000 sq.ft.of openings already in the books,including tenants such as Crunch Fitness,Ace Pickleball Club,and